According to central bank sources, banks are regularly informing the central bank that remittances are being bought at higher prices.
Furthermore, various foreign remittance and exchange house sources have confirmed the acquisition of remittances at prices higher than the announced rates.
Officials in the treasury and remittance departments of at least six banks confirmed to Prothom Alo that they were buying remittances at high prices. However, he has chosen to keep his name unknown.
Following advice from the Bangladesh Bank, the Association of Bankers Bangladesh (ABB), an organization of top bank officials, and the Bangladesh Foreign Exchange Dealers Association (BFEDA), an organization of banks involved in foreign exchange transactions, are determining the dollar. Price at different intervals.
However, this decision has recently been partially reversed. The value of the dollar is gradually becoming market-oriented due to informal actions of the central bank.
The revised decision by both institutions set the dollar price at Tk 110 for remittances and export earnings and Tk 110.5 for payment of import bills.